GSR has launched the GSR Crypto Core3 ETF (ticker BESO) on Nasdaq, debuting an actively managed fund that targets Bitcoin, Ethereum and Solana. The fund pairs spot holdings in BTC, ETH and SOL with on‑chain yield capture where protocol rules permit, and it explicitly factors staking rewards into its return calculations to boost total returns, The Block reported.
BESO rebalances weekly and carries a 1% management fee. The weekly cadence gives the portfolio team flexibility to adjust asset weights in response to volatility, flows and shifting narratives across the three tokens. By combining spot exposure with staking where eligible, GSR positions the vehicle as the first actively managed multi‑asset crypto ETF in the US to offer staking capabilities, according to Binance’s summary of the launch.
The launch underscores GSR’s strategic move from market‑making toward asset management. The firm previously created a US asset management arm and filed for a set of ETFs that included the Crypto Core3 strategy alongside an Ethereum Staking Opportunity product. While other firms, such as Grayscale, have added staking features to some single‑asset trusts, BESO is notable for integrating staking across a three‑token, actively managed portfolio.
Strategically, GSR is betting investors want more than a single digital store of value. By packaging Bitcoin as base money, Ethereum for smart‑contract settlement and Solana as a high‑throughput Layer 1 in one ticket with embedded staking and professional rebalancing, BESO aims to offer diversified exposure plus an added yield component for eligible assets.